Furthermore, Wave supports multiple businesses, additional users (with four permission levels), and personal finance tracking. With Wave, you don’t have to spend a lot of time learning the ropes of accounting software – it can be used by business owners who don’t have much money to invest in accounting software. While you can pay for add-ons, such as payroll, payment processing, or professional bookkeeping services, all other features are available at no cost. There are many reasons why Wave is our top choice for small business accounting software. Despite some shortcomings, Wave has generally received positive reviews from its users. You will also be able to create journal entries, inventory lists, and a chart of accounts that can be customized according to your needs. Besides being easy to use, this cloud-based software offers a robust feature set that is on par with most paid software services.Ĭustomizing invoices, estimates, expense tracking, and bank reconciliation is possible when you use Wave. It doesn’t come with any limitations like some other free software. Despite being the free accounting software choice of over 3.5 million people, Wave stands out from the competition because of its forever-free plan.
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